GPU mining will die in 2018!

[Metroid]

Just like it was dead back in 2012. And again there's gonna pop up another ASIC-proof cryptoalgorithm and we will switch to it. :-)

Agree with this. Decentralisation - is not the base pillar of the mining but all cryptocurrency. We have bitcoin because it's the first. Other coins that are mined by asics  or just issued by founders  should go to hell. Earlier or later

Bitcoin will have to change pow algo too in the future and that will render asics useless but since btc core dev team is bitmain and co's employee, bitcoin core dev will make an algo which bitmain will already have an asic for it, will be a joint operation --> bitcoin core devs and bitman. Bitcoin is doomed.

[IndzheborgC]

Prices for used video cards do not decrease, but rather grow. This is one of the indicators of the prospects for the extraction of crypto coins. Many miners do not sell coins, waiting for a summer or spring increase, when they sell at a high price, coins can make a profit.

[Deadstock]

Prices for used video cards do not decrease, but rather grow. This is one of the indicators of the prospects for the extraction of crypto coins. Many miners do not sell coins, waiting for a summer or spring increase, when they sell at a high price, coins can make a profit.

Prices have started falling already in the retail market across the board. Especially RX Vegas

[DudeBuster]

I think GPU mining coins alive forever.

[dimpsk]

Guys, I don't believe you all really think that when ETH goes to POS or Asics ruins ETH you will find another coins to mine because you did until today

Hey, wake up, look how millions GPUs are mining ETH and after that, they will point to another coins...difficulty will skyrocket so hard...

It's not hard to think, the ONLY hope is a new coin to mine, but they have to be HUGE like ETH

Then another new coins will  come i presume

[dimpsk]

Prices for used video cards do not decrease, but rather grow. This is one of the indicators of the prospects for the extraction of crypto coins. Many miners do not sell coins, waiting for a summer or spring increase, when they sell at a high price, coins can make a profit.

Prices have started falling already in the retail market across the board. Especially RX Vegas

Yep, the prices are decreased by  now, but i wouldnot say they are fall.
GPU prices are still  higher last autumn. There are still hipe prices.
I would not buy any now.

[dimpsk]

Just like it was dead back in 2012. And again there's gonna pop up another ASIC-proof cryptoalgorithm and we will switch to it. :-)

Agree with this. Decentralisation - is not the base pillar of the mining but all cryptocurrency. We have bitcoin because it's the first. Other coins that are mined by asics  or just issued by founders  should go to hell. Earlier or later

Bitcoin will have to change pow algo too in the future and that will render asics useless but since btc core dev team is bitmain and co's employee, bitcoin core dev will make an algo which bitmain will already have an asic for it, will be a joint operation --> bitcoin core devs and bitman. Bitcoin is doomed.

I do not like bitcoin too, but bitcoin is the first coin, and it will be first for a long time. Otherwise,  ethereum is only on  of  altcoins.  Switching to POS will kill it.

[mindrust]

Guys, I don't believe you all really think that when ETH goes to POS or Asics ruins ETH you will find another coins to mine because you did until today

Hey, wake up, look how millions GPUs are mining ETH and after that, they will point to another coins...difficulty will skyrocket so hard...

It's not hard to think, the ONLY hope is a new coin to mine, but they have to be HUGE like ETH

Agreed.

Being ASIC resistant itself does not (probably won't) make a coin valuable. It has to offer something else too. Something revolutionary. Being a home miner friendly coin should only be a plus along with the main feature of this coin.

I do not like bitcoin too, but bitcoin is the first coin, and it will be first for a long time. Otherwise,  ethereum is only on  of  altcoins.  Switching to POS will kill it.

Just like Litecoin acts as a test network for Bitcoin when there is an upgrade for the network; Bitcoin is now acting like a testnet for all crypto. It is experiencing every problem before any other coin. Happened with ASICs, tx spam, hard forks and many other.

[Ayuluv2001]

Personally i will hope and believe the GPU mining will be in the market for long term. On and off there might be ASIC coming to disturb but they will solve the issue with that for sure

[ARN_old]

What about Antminer F3?

[bulgar73]

What about Antminer F3?

scam




----
BTC

[rothcom65]

DO YOU ACTUALLY OWN A MINER OR JUST DO SOME RESEARCH AND SHED YOUR OWN KNOWLEDGE ( NOT EXPERIENCE) ?

YOU ARE MINING COIN ( it is up or down), ROI MUCH DEPENDS ON HOW YOU ARE GONNA DO WITH THOSE COINS ( DONT LOOK AT THE USD).

IF YOU DONT BELIEVE, DO NOT MINE.
[/quote]

I don't believe ya. Course you could not say  even  where will be price of your coin tomorrow.
The only fair ROI estimate - is take current prices and imagine you sold all what mined today, decreased income by electricity costs and put remain in the box. From that box you will repay your capital investment. That's right. 60 MONTHES from now. It's a fair ROI NOW that helps you make the right  choice.
That's it dude. Other will lead you to the poverty
[/quote]


I do have a day job that paid bills and mortgage. Some spare cash does nothing in my bank account so I put it in Robinhood to trade stocks.

Started investing in Crypto-mining Nov-2017 ( before GPUs crisis). I was able to grab 12 + 6 +5 +3 GTX 1060 6gb ( from Microcenter) at MSRP price + 3 GTX 1080  + 8 RX 580 8gb and 4gb... During Christmas, Nicehash miner showed an estimated income of $3000 and this estimation keeps dropping ever since. GPU price shy rocketing even when we mined fewer coins.


Should I sell it? NO. NOT YET.
Will BTC goes to zero? YES.

=> WORST SCENARIO: I SELL ALL MY GPUs 50% off on Ebay.
=> I DON'T CARE, I DON'T LOOK AT IT. LEARN HOW TO MAINTAIN THE RIGs, LINUX ( HIVEOS)... JUST KEEP ON MINING AND KEEP THE COINS SOON AS THE ELECTRIC BILLS PAID, MY HOUSE IS NOT BURNT DOWN.

Bottom line, controversial is good but shredding Negativity isn't cool.

[2alt]

Well nicehash is nice because it pays in BTC. But it is all supply and demand there. And getting money out to trade costs. But they now have free coinbase transfer, and then move from coinbase to exchange as coinbase doesn't scam you on transfers. (just buying lol).

If you feel BTC will be higher than the current price now, then keep mining for them.

You can also mine an alt and hold for some time (years) as it will be worth more.

At your hash rate, I wouldn't mine for them 24/7. Nicehash pays well at times, and sometimes very low.

Today I saw a bunch of people dump their mining rigs on ebay. Even brand new cards are getting cheaper. Give it a little time, cards will be really cheap.

[sebas1382000]

I think I am late to the mining World but, is it still possible to still set-up a rig and still make profit?

Sure it is. But the ROI is much much longer.

Actually  ya don't understand what are you talking about.  Right now we can see levels of zero profitability for those guys who already have the farms and whose electricity is very  chip.

Maybe if you're trying to mine with older gpu's.  I don't mine with anything older than a 1070ti.  Those are still profitable even at today's coin prices.  I wouldn't buy any more of them even at msrp, but I'm not ready to sell them yet either.

May be. Let's  estimate. 1070 and 1070ti are  the  best ones now.
They ' ll give  you $0.5 profit per day on $0.06 kwt/h electricity from wall according what to  mine coins.
That's it. It is a profit still i agree. But zero profitability is very near.

Ya can argue that there are some shitcoins with better perfomance. This hour or yesterday. May be. But it is not mining.

you crazy..... I earn over $1/day on a 1070 on a long standing algo..... 
You must also take into account others' mining strategies may not be the same inside the box thinking that you are using.

if you can max out a 10KwH generator on petrol;  you can definitely be profitable.     Food for thought.

Damn but Petrol feels so politically wrong for me tho... like I'm Helping Maduro's Regime... It's politics don't even pay attention to what I just said.

I am a Venezuelan, and I will tell you a little about petro.
Petro will not be a minable currency. The government will mine them, without minable code, second. The petro may not be redeemable anywhere. And finally ... 20 petros are worth $ 1000, so it's just a mature way to avoid trump blocking
If you think you're going to mine petro, you live in a fairy world

[JaredKaragen]

Now for the mistaken ones please listen:


Go re-read my original post quoted up there.

I said a generator on PETROL.  Generators run on fuel, not crypto.

Y'all can get pretty crazy sometimes..... lol

[sebas1382000]

Now for the mistaken ones please listen:


Go re-read my original post quoted up there.

I said a generator on PETROL.  Generators run on fuel, not crypto.

Y'all can get pretty crazy sometimes..... lol

I owe you an apology bro, I did not read you very well because I am a beginner in English

[JaredKaragen]

Now for the mistaken ones please listen:


Go re-read my original post quoted up there.

I said a generator on PETROL.  Generators run on fuel, not crypto.

Y'all can get pretty crazy sometimes..... lol

I owe you an apology bro, I did not read you very well because I am a beginner in English

no apology needed...  i'm not offended at all, just surprised at how far of a tangent this went on; so thought i would point it out

[sebas1382000]

Now for the mistaken ones please listen:


Go re-read my original post quoted up there.

I said a generator on PETROL.  Generators run on fuel, not crypto.

Y'all can get pretty crazy sometimes..... lol

I owe you an apology bro, I did not read you very well because I am a beginner in English

no apology needed...  i'm not offended at all, just surprised at how far of a tangent this went on; so thought i would point it out

Ok, maybe you can help me and guide me in this altcoin mining, what are you currently mining and what are the reasons for it?...

[bernike]

    I hope not, because after all the world of mining is very exciting.
    And in my opinion, did not die in 2018, but it's getting harder to mine it. That needs better settings and configurations, and what coins we will mine. 

[gotminer]

    I hope not, because after all the world of mining is very exciting.
    And in my opinion, did not die in 2018, but it's getting harder to mine it. That needs better settings and configurations, and what coins we will mine. 

OH HAHAHAHA